ID:
babylon-finance-1085
100 pts
Platform:
Type:
Category:
Method:
Data Sources:
Ethereum
Chain Game
NFTs
Liquidity Management
Extended Method:
Lack of Funds, permanent shutdown
Days in Operation:
576
(1.58 Years)
100 pts each
Babylon is a community-led asset management protocol that enables users to create investment clubs and invest in DeFi together. It’s built on the Ethereum network and it’s non-custodial, transparent, permission-less, and governed by the community. BABL is the governance token behind it.
The project announced that it will shutdown and commence liquidation process. LP has been removed by the team to be fairly distributed to providers. The team cited the Rari hack as the key driver for the closure.
DISCLAIMER: While web3rekt has used the best efforts in aggregating and maintaining this database, this web site makes no representations or warranties with respect to the accuracy or completeness of its information and data herein, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose.
Under no circumstances, shall web3rekt be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the data and information derived from this database.